October 8th, 2007
Marriott Tapping Into The Worlds Fastest Growing Market
The sprint for more business is on, as Marriott plans to quadruple the number of properties it has in China by the year 2013. This article had some great quotes and info as to why I keep an eye on China as a future market for Hawaii real estate.
Share ThisMarriott International, which has opened 24 hotels in mainland China since 1997, has sped up development in a bid to win more customers in an economy that surged 11.9 percent in the second quarter, the fastest pace in 13 years. “This is where it’s at,” Marriott said. “People from all over the world are coming here to do business.” Retail sales in China rose 17.1 percent from a year earlier in August, the fastest pace in more than three years. Disposable incomes for urban households rose 14.2 percent in the first half from a year earlier. Hotel room bookings at Ctrip.com International Ltd., China’s biggest online travel agent, surged 42 percent to 2.41 million nights in the second quarter from 1.7 million a year earlier.
Posted by scott on October 8th, 2007 in Asia News |










